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La domanda effettiva nel breve e nel lungo periodo (Effective demand in the short and in the long run)


  • Josef Steindl


The article is a translation of an original manuscript by Josef Steindl, containing a paper he presented at the 1990 edition of the “International Summer School for Advanced Economic Studies” (the Trieste School). The manuscript, written in July of 1990, deals with the short and long-run financing of effective demand, and its consequences on the distribution of income and the sustainability of debt and of economic growth, and contains several insights still very relevant today.

Suggested Citation

  • Josef Steindl, 2012. "La domanda effettiva nel breve e nel lungo periodo (Effective demand in the short and in the long run)," Moneta e Credito, Economia civile, vol. 65(260), pages 317-327.
  • Handle: RePEc:psl:moneta:2012:43

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    References listed on IDEAS

    1. Jan Kregel, 2010. "Is This the Minsky Moment for Reform of Financial Regulation?," Economics Working Paper Archive wp_586, Levy Economics Institute.
    2. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1998. "Law and Finance," Journal of Political Economy, University of Chicago Press, vol. 106(6), pages 1113-1155, December.
    3. Levine, Ross, 2002. "Bank-Based or Market-Based Financial Systems: Which Is Better?," Journal of Financial Intermediation, Elsevier, vol. 11(4), pages 398-428, October.
    4. Franklin Allen & Jun & Chenying Zhang & Mengxin Zhao, 2012. "China's Financial System: Opportunities and Challenges," NBER Chapters,in: Capitalizing China, pages 63-143 National Bureau of Economic Research, Inc.
    5. Samuel G. Hanson & Anil K. Kashyap & Jeremy C. Stein, 2011. "A Macroprudential Approach to Financial Regulation," Journal of Economic Perspectives, American Economic Association, vol. 25(1), pages 3-28, Winter.
    6. Barth, James R. & Caprio, Gerard Jr. & Levine, Ross, 2004. "Bank regulation and supervision: what works best?," Journal of Financial Intermediation, Elsevier, vol. 13(2), pages 205-248, April.
    7. Dic Lo & Guicai Li & Yingquan Jiang, 2011. "Financial governance and economic development: making sense of the Chinese experience," PSL Quarterly Review, Economia civile, vol. 64(258), pages 267-286.
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    More about this item


    effective demand; long run; public debt; distribution of income; finance;

    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt


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